UPDATE 3-Seven arrested internationally in $1.6 million StubHub fraud

Wed Jul 23, 2014 6:13pm EDT
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(Adds details from indictment, press conference)

By Karen Freifeld

NEW YORK, July 23 (Reuters) - Police arrested seven people tied to a $1.6 million international fraud that used stolen credit cards to buy tickets through the StubHub online market to thousands of events, including Yankees baseball games, Broadway shows and Jay-Z concerts.

Officials from the United States, Canada and United Kingdom announced the arrests on Wednesday at a press conference by Manhattan District Attorney Cyrus Vance Jr in New York.

The suspects include a Russian national who was detained while vacationing in Spain, three others arrested in London, two in the United States and one in Canada, according to a press release issued by Vance.

The law enforcement action "reflects the increasingly global landscape in which financial and cyber criminals operate," Vance told reporters.

Vadim Polyakov, 30, the Russian who was arrested in Spain and is accused of being the ringleader, and Nikolay Matveychuk, 21, also of Russia, are charged with using stolen credit card numbers to buy more than 3,500 tickets.

They bought tickets to concerts featuring Elton John, Marc Anthony, Justin Timberlake, Jay-Z and other performers along with sporting events including Yankee, Giants, Jets and Rangers games as well as Broadway shows such as "The Book of Mormon."

The tickets were purchased on StubHub, an online secondary marketplace owned by eBay.   Continued...